AUCTION PROPERTY- NEED ADVICE
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  Apr 11 2015, 10:31 AM
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#1
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Junior Member
209 posts Joined: Jul 2014  
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Hi guys, Planning to buy an aunction property Kawasan rizab : Tiada Taraf pegangan : selama-lamanya However there is a sekatan kepentingan : Tanah yang diberimilik tidak boleh dipindahmilik, digadai atau dipajak melainkan dengan kebenaran Pihak Berkuasa Negeri. Will this sekatan kepentingan drag the period of loan disbursement of 120 days? Need advice from all the sifus .... |
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Apr 11 2015, 11:10 AM
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#2
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Junior Member
209 posts Joined: Jul 2014
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QUOTE(cheahcw2003 @ Apr 11 2015, 10:50 AM) Usually this sekatan is referring to the transfer name restriction. If u are a bumi or Malay, u don't have to afraid of it. Study the proclamation of sales and do a land search  I did a land search, owner is malay , i'm not. That's why i am afraid the transfer name process might takes time and cause me to delay the loan disbursement. |
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Apr 12 2015, 10:18 AM
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#3
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Junior Member
209 posts Joined: Jul 2014
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QUOTE(cheahcw2003 @ Apr 11 2015, 09:21 PM) strata title/ Ind title issued? Ind title issued.FH or LH? Freehold. [SIZE=7] |
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Apr 12 2015, 10:19 AM
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#4
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Junior Member
209 posts Joined: Jul 2014
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QUOTE(forever1979 @ Apr 11 2015, 09:26 PM) better ask the lawyer in charge or auctioneer. That's what i'm afraid of.in my opinion, though is freehold, but since there is a restriction, when you do the transfer, consent maybe not able to obtain. Any experienced player have advice on this? |
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